Hometrack claims prices set to fall

Since the peak of the property sector back in 2007 property prices in the UK have plummeted, with homeowners seeing tens of thousands of pounds wiped off the value of their properties in some cases. However, there has been a slight revival in property prices over recent months, with the end of the recession bringing [...]

PPI sales ended by Lloyds TSB

Payment Protection Insurance, also known as PPI, has been at the centre of controversy for several years, after investigations revealed that these policies were often being mis-sold to a variety of people that would not and could not benefit from them. This resulted in a major investigation and with new regulations being brought in by [...]

Late credit card payment costing consumers millions

According to recently released data late credit card payment are collectively costing consumers in the UK millions of pounds each year, as late payers are hit with charges from their credit card companies. The figures indicate that credit card holders in Britain are spending around £150 million a year because of late payment charges.
The research [...]

Mortgage lending falls in June

According to figures that have been released by the Bank of England the number of mortgage approvals in the UK for the month of June saw a fall, with weakening confidence in the housing market coupled with tightening lending conditions being amongst the factors that have been blamed for the drop in mortgage lending levels.
The [...]

Ministerial reviews could mean tests for loan applicants

It has been revealed recently that ministers are carrying out reviews of the consumer credit and personal finance markets in the UK, with plans to review a range of rules relating to this sector in order to improve safeguards on financial products wherever it is deemed necessary.
According to reports the ministerial review could result in [...]

UK homeowners continue to increase equity in their homes

Official figures have revealed that homeowners in the UK are continuing to strive to increase the equity in their homes by overpaying on their mortgages. Equity levels have plunged over the past few years as a result of the global financial crisis and plummeting property prices.
According to figures homeowners in the UK increased the equity [...]

Borrowers turn to Zopa rather than High Street banks

According to a recent report many borrowers are turning their backs on High Street banks in the UK when it comes to borrowing money, and are instead looking at other options and ways of getting the finance that they need. The report was released by the website, Zopa, which is a site that allows consumers [...]

HB cuts lead to landlords slashing rents

Recently the new Chancellor of the Exchequer, George Osborne, announced his emergency budget, which included a range of measures and cutbacks that would enable the coalition government to save money on public spending and help reduce the public deficit, which is now huge. Amongst the cutbacks that were announced were benefits cuts and freezes, with [...]

Insurance cover prices should be based on level of previous claims

The cost of insurance cover for those looking for private medical cover can vary based on a number of factors, and one of the factors is whether the policyholder has made any previous claims on the insurance. In many cases the cost of cover can soar whether the claim was a large one of just [...]

June sees another increase in house prices

According to figures recently released by the High Street lender, Nationwide, property prices in the UK have seen a further increase in value in the month of June. The increase was only a nominal one of just 0.1 percent, but has taken the average property price in the UK to more than £170,000.
The Nationwide house [...]

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